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Stock impact report

Factify Raises $73 Million To Create AI Infrastructure For Documents [Forbes]

Moelis & Company Class A (MC) 
Last moelis & company class a earnings: 4/22 04:15 pm Check Earnings Report
US:NYSE Investor Relations: moelis.com
Company Research Source: Forbes
new document standard for AI, the company announced Wednesday. The round was led by Valley Capital Partners, with participation from technology and business leaders, including John Giannandrea, former Head of AI at Google and SVP of AI at Apple, Ken Moelis, Founder of investment bank Moelis & Co., and Peter Brown, CEO of hedge fund Renaissance. “We are building Document-as-Infrastructure,” says Matan Gavish, Factify's founder and CEO. “Every document is a governed, intelligent asset that carries its own identity, access control, version history, and automation. Instead of relying on external systems to track who can access a file, which version is real, or what actions it should trigger, that intelligence and audit trail is integrated into the document itself.” The Portable Document Format or PDF was introduced by Adobe Systems in 1993 and was released as an open standard in 2008. It has evolved over time, adapting to the internet and, later, to mobile phones. Will it survive the Show less Read more
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